Boeing Co is set to offer buyout and early retirement packages to employees, two people familiar with the matter said on Wednesday, a bid to mitigate the financial fallout from the coronavirus pandemic.
The Chinese city of Shenzhen has banned the eating of dogs and cats as part of a wider clampdown on the wildlife trade since the emergence of the new coronavirus.
Boeing Co was set to offer employee buyout and early retirement packages, two people familiar with the matter said on Wednesday, a bid to mitigate the financial fallout from the coronavirus pandemic.
China's fruit farmers, hurt by lost crops from coronavirus lockdowns and a slow recovery in demand, are looking to reduce plantings, switch crops or even take other jobs to cover their losses.
Grocery stores hiring staff by the tens of thousands. A telecommunications company pausing a major workforce cull. Big banks slashing mortgage rates by several times the official rate cut, and offering loan holidays for shuttered businesses.
The U.S. Treasury Department has hired Wall Street bankers and lawyers to advise on providing tens of billions of dollars in aid to the airline, cargo and defense sectors, people familiar with the matter said on Wednesday.
South Korean budget airline Eastar Jet plans to cut about 700 out of some 1,600 jobs due to operational difficulties from the coronavirus outbreak, the carrier's spokesman said on Thursday.
The U.S. Treasury Department plans to hire PJT Partners Inc, Moelis & Co and Perella Weinberg Partners to advise on the airline portion of Washington's $2 trillion stimulus bill, the Wall Street Journal reported on Wednesday.
President Donald Trump said on Wednesday he was considering a plan to halt flights to U.S. coronavirus hot spots as the United States struggles to contain a pandemic projected to kill at least 100,000 people.
China's ports and shipping firms are bracing for a second wave of supply chain disruptions that may be deeper and more prolonged than during the country's coronavirus lockdown as the global spread of the virus chokes off international demand.
A Chilean consul in the Argentine grains hub city of Rosario has died after being infected by the coronavirus, Chile's foreign ministry said on Wednesday, as the global pandemic spreads through South America.
In trading on Wednesday, shares of Gerdau S.A. (Symbol: GGB) entered into oversold territory, changing hands as low as $1.77 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on
Egypt's state grains buyer, the General Authority for Supply Commodities (GASC), set a tender on Wednesday to buy an unspecified amount of wheat from global suppliers for shipment May 5-20.
The chief executive of airline KLM said on Wednesday the Dutch company is not considering a break with its parent, Air France-KLM, as the company attempts to cope with the financial consequences of the coronavirus outbreak.
Costa Rican flower farmers have started destroying lilies, roses and chrysanthemums they have lovingly tended for months after the coronavirus outbreak led to the suspension of flights to markets in the United States and Canada.
Brazilian meatpacker BRF SA said on Wednesday it will hire an additional 2,000 workers, both in-house and outsourced, in order to maintain its production levels.
As the novel coronavirus continues to spread, commercial flights have all but stopped. The situation is so dire that the head of the trade group representing the world's airlines called the last few months "its deepest crisis ever."